Crypto Project World Liberty Financial, Promoted by Trump Family, Confirms Plan for Token

As a researcher with years of experience in the financial sector and a keen interest in cryptocurrencies, I must admit that the news about World Liberty Financial (WLFI) launching a governance token has piqued my curiosity. The fact that this project is endorsed by the Trump family adds an intriguing twist to it.

Members associated with the cryptocurrency initiative of World Liberty Financial (WLFI), previously endorsed by former U.S. President Donald Trump and his offspring, have announced their plans to introduce a management token, as disclosed during a live broadcast on X Spaces.

In the live broadcast, it was emphasized that the WLFI tokens cannot be transferred and do not grant any economic benefits. The team clarified that their intention is for token purchasers to become active contributors in the governance process rather than seeking financial returns.

Approximately two-thirds (63%) of the total supply is planned for public sale, while 17% will be earmarked for user rewards and a further 20% will be allocated to the development team. Last week, CoinDesk shared some insights about the project, based on a preliminary white paper.

Presently, the token will be exclusively available for purchase to accredited investors through a Regulation D exemption from the Securities and Exchange Commission (SEC). This exemption enables companies to collect funds without registering their securities with the SEC, mainly by offering these securities to well-informed investors or in limited, private transactions.

According to Zak Folkman, one of the project’s creators, our aim is to construct projects that are intuitive and user-friendly, eliminating the need for external assistance or consultations when navigating them.

During the lengthy broadcast that attracted more than 100,000 listeners, the team failed to reveal a specific release date for their token.

Polymarket betting

As an analyst, I observed a significant fluctuation in the Polymarket contract pertaining to whether Trump would release a coin prior to the election. During the live broadcast, the probability of a ‘Yes’ response peaked above 80%. However, as the stream concluded, the odds dipped dramatically down to 22%.

Previously, during our conversation, several individuals from the Trump family expressed their opinions about cryptocurrency.

Donald Trump Jr. expressed his view that Decentralized Finance (DeFi) aligns with what the country’s founders envisioned, as it restores a sense of fairness within the financial system.

According to him, Venture Capitalists seem to be showing a growing interest in cryptocurrencies, as evidenced by their association with figures like David Sacks and Elon Musk who have expressed support for it.

In a recent discussion, Eric Trump emphasized the importance of making Decentralized Finance (DeFi) more user-friendly for everyday individuals. He shared his struggles with using Ethereum on Aave, a decentralized lending service, as an example of the complexities that often arise when trying to navigate these platforms.

During the initial 40 minutes of the X Spaces gathering, the ex-President Donald Trump didn’t delve into the project details but rather expressed his opinions on the evolving landscape of cryptocurrency regulations.

“Crypto’s one of those things we have to do, whether we like it or not,” Trump said.

As a researcher, I find myself analyzing an intriguing Polymarket contract that invited users to wager on potential topics Trump might address during his stream. The contract included markets for “Solana”, “Memecoin”, “Milady”, and “Doge”. Regrettably, the former president didn’t bring up any of these specific terms during his broadcast. However, he did repeatedly mention “Crypto” more than five times and uttered “NFT” once. This observation could potentially indicate a shift in his focus towards broader cryptocurrency and NFT discussions.